California homebuilding stats 2018: 116,132 units Five-year average: 103,368 10-year average: 79,006 64-year average: 165,796 ** Amount needed to keep pace with growth: 180,000 Gov. Newsom goal: 500,000 Via @CHF_CIRB permits issued. (2018 figures still preliminary)
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Some context: latimes.com/politics/la-pol-…

Villaraigosa and Newsom want to build more houses in California than ever before. Experts see the...

Two of California’s leading candidates for governor say they’re going to end the housing shortage, a driver of the state’s affordability crisis.

latimes.com
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Liam Dillon @dillonliam
19 Feb 2019
California Gov. @GavinNewsom has huge pie-in-the-sky housing goals, including the building of 3.5m new homes by 2025. But today in Long Beach he was the least pollyannaish about the state’s affordability problems that I’ve heard from him.
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If he had said something like, we’re going to build a million homes in my term, that would have been really ambitious. But instead he said double that …
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Replying to @dillonliam @RelentlessYapp
That risks having the problem Obama had with the stimulus -- what if it happens, but prices are still rising? People would take that as evidence that building more housing doesn't help. He needs to ask for the number that will actually address the problem. (Hope it's right!)

Mar 5, 2019 · 6:56 AM UTC
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